2016 (8) TMI 1294 - SCH - Customs

Pre-deposit - 1% of penalty - petitioner pointed out that in another proceedings arising out of the same chain of transactions, where, Tribunal had required the petitioner to deposit ₹ 1 lac by way of pre-deposit looking to his status as an employee - The decision in the case of Chhaganlal Arun Versus Union Of India 2016 (4) TMI 1283 - GUJARAT HIGH COURT contested, where it was held that looking to his position as an employee, we modify the pre-deposit requirement to ₹ 5 lacs which shall be done latest by 30-6-2016 upon which the remaining demand shall remain stayed - Held that - the decision in the above case upheld - However, four weeks time is granted to make pre-deposit - SLP dismissed.